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Saturday, November 18th, 2017

Colony Sugar Mills Limited’s declaration of financial results for the nine months ended June 30, 2013

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Karachi, August 05, 2013 (PPI-OT): We have to inform you that Board of Directors of the company declared following financial results for the nine months ended June 30, 2013 in their meeting held on Tuesday, July 30, 2013 at 4.00 p.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore:

Nine Months Ended                  Quarter ended
June 30                          June 30
2013             2012            2013             2012
Rupees in thousand
Sales-net                                             6,216,832        3,432,506       2,033,957         814,900
Cost of sales                                         5,676,731        2,858,311       1,819,142         647,546
---------        ---------       ---------         -------
Gross Profit                                            540,101          574,195         214,815         167,354
Administrative and marketing exp.                       189,283          205,734          55,750          48,420
---------        ---------       ---------         -------
350,818          368,461         159,065         118,934
Other operating income                                   32,542              276          30,967              26
---------        ---------       ---------         -------
Operating profit                                        383,360          368,737         190,032         118,960
Financial Cost                                          193,910          287,932          63,623          89,208
Worker's profit participation fund                        9,473            3,673           6,321           1,352
---------        ---------       ---------         -------
203,383          291,605          69,944          90,560
---------        ---------       ---------         -------
Profit before taxation                                  179,977           77,132         120,088          28,400
Provision for Taxation                                   51,687          (34,325)         (3,892)         (8,149)
---------        ---------       ---------         -------
Profit for the period                                   231,664           42,807         116,196          20,251
---------        ---------       ---------         -------
Earnings per share-basic and diluted (Rupees)              2.34             0.43            1.17            0.20
---------        ---------       ---------         -------

Directors have not recommended Cash Dividend, Bonus/ Right Shares.

We will be sending you copies of printed accounts for distribution amongst the members of the exchange.

For more information, contact:
Abdul Mansoor Khan
Company Secretary
Colony Sugar Mills Limited
Ismail Aiwan-e-Science Building,
205-Ferozepur Road, Lahore-54600 Pakistan.
Phone #: +92 42 111-COLONY
Fax #: +92 42 576-3246
E-mail: info@colonysugar.com

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